Nobody’s considered who is gonna buy all the stuff when all the employees are laid off
I think a statistic I saw recently was that nearly 50% of American consumer spending is attributed to the top 10% of consumers.
Which would largely indicate that it doesn’t matter because those who have the money will continue to spend it and those that don’t will continue to get poorer.
This is what’s happening to Vegas, the number of visitors is dropping but the casino profit is increasing. The city no longer caters to the middle class but to millionaires.
I have always loved the saying: Lie, outrageous lie, statistic.
Data is a wonderfull thing, but it often can be really easily to be presented in a way, that while being true, is not representing the truth.
Like if we would just look the numbers containing just necessities and remove the luxury products it would not be that lopsided.
like if you removed luxury products what would this country even produce beside suffering?
Luxury products like health insurance, food, education, and independent housing?
They’ll give the people more debt.
Well I guess if you have millions of robot slaves you don’t need the people anymore at all.
They say they don’t want to replace workers. They say they just want to use AI to make existing workers more efficient. Very well; let’s hold them to their word.
Because China’s government knows the last thing it needs is a bunch of unemployed people.
It’s so weird how single-party rule can sometimes be more responsive to the people. Because there’s no illusion: if the people get unhappy enough, CCP is gone.
Meanwhile the US we live with these bizarre illusions about how the people are truly in power, while our government is driven into the ground by plutocrats and their pet priests.
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Will they suceed?
